Trump’s Tariff Plan Disrupts Bitcoin’s Rally for Two Days in a Row.

Bitcoin Dips as Tariff News Disrupts Market Optimism

Bitcoin (BTC) experienced a sudden dip on Saturday after the White House confirmed that tariffs on Mexico and Canada would begin on February 1, dispelling rumors of a delay.

The cryptocurrency had rallied past $106,000 earlier in the week, but following the announcement of 25% tariffs, Bitcoin reversed its momentum, falling by 2% to around $104,000. Meanwhile, U.S. stock markets, which had seen early gains, also pulled back from their highs but managed to close in positive territory.

Earlier on Friday, a Reuters report had suggested the possibility of tariff delays until March 1, allowing countries to request exemptions for specific exports. However, the White House quickly labeled the report as false, with Press Secretary Karoline Leavitt reaffirming that the tariffs, including a 10% levy on China, would go into effect immediately.

Despite briefly surpassing $106,000 again, Bitcoin’s price continued its downward trend following the tariff news, falling to just under $103,000—a 2.3% decrease over the past 24 hours.

On the broader CoinDesk 20 Index, the market was down 1.3%, with Ethereum (ETH) bucking the trend and gaining 1.2%. Traditional financial markets closed slightly higher, though they lost steam as the session progressed.